Two announcements released by Golden Finance on Thursday show that the globally renowned e-commerce platform Shopify has reached cooperation with two giants in the cryptocurrency field, Coinbase and payment processor Stripe, aiming to provide merchants with more convenient payment solutions. Enable it to easily accept USDC stablecoin payments issued by Circle. This cooperation will inject strong impetus into the wide application of cryptocurrencies in the field of e-commerce payments.
In its press release, Stripe elaborated on the collaboration: “Shoppers will be able to make payments using USDC on the Base blockchain platform with their preferred crypto wallets.” Stripe supports merchants by default to receiving stablecoin payments in their preferred local currency, and these payments will be smoothly deposited into their bank accounts just like other ordinary payments received by merchants. This innovative measure has greatly simplified the stablecoin payment process and eliminated many concerns of merchants and consumers regarding currency exchange and settlement.
It is reported that this service will first be available to Shopify merchants in 34 countries and regions. Stripe also disclosed that over the past two years, the cumulative settlement amount of stablecoin payments has exceeded 94 billion US dollars. During this period, the monthly payment amount has shown a rapid growth trend, climbing from less than 2 billion US dollars initially to over 6.3 billion US dollars now. This data directly reflects the increasing popularity of stablecoins in the payment field.
Coinbase, as a leading global cryptocurrency trading platform, will also play a key role in this cooperation. Although the specific details of the cooperation have not been fully disclosed yet, the market generally believes that Coinbase’s strong cryptocurrency infrastructure and extensive user base will provide Shopify merchants and consumers with a more secure and efficient USDC payment experience.
Shopify’s current collaboration with Coinbase and Stripe represents a significant strategic move in the cryptocurrency payment sector. As cryptocurrencies are gradually accepted by the public, more and more consumers hope to be able to use digital currencies for payment when shopping. By introducing USDC stablecoin payments, Shopify not only meets consumers’ increasingly diverse payment demands but also is expected to further enhance the shopping experience of users and strengthen the platform’s competitiveness in the global e-commerce market.
Industry experts point out that this cooperation holds a milestone significance for the popularization and application of stablecoins. As one of the most mainstream stablecoins in the market, USDC maintains a 1:1 peg to the US dollar and enjoys advantages such as relatively stable prices and convenient transactions. Through the vast e-commerce platform Shopify, USDC will reach a broader user base, accelerate the application of stablecoins in daily consumption scenarios, and promote the deep integration of cryptocurrencies with traditional business.
Currently, the market has responded enthusiastically to this collaboration among Shopify, Coinbase and Stripe. Investors are full of expectations for Shopify’s stock performance, believing that this innovative move will bring new growth opportunities to the company. For both merchants and consumers, this means more payment options and a more convenient shopping experience. In the future, as the cooperation deepens, the application prospects of USDC stablecoin payments in the e-commerce field will undoubtedly be broader, and it may lead to a new round of transformation in the payment industry.
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